Malaysian authorities are preparing a reform of crypto asset listing
Date: 2025-07-03 Author: Gabriel Deangelo Categories: IN WORLD
According to the plans of the local Securities Commission, the procedure for listing digital assets will become less bureaucratic: exchanges will no longer have to request preliminary approval from the SC if the token complies with current regulations. Now the platform itself will be able to launch trading if the asset has successfully passed an independent security check and complies with the FATF recommendations on combating money laundering.
In addition, the authorities intend to tighten the requirements for the financial stability of exchange platform operators (DAX). To do this, a minimum equity threshold of at least $1.2 million is being introduced. This should increase the reliability of market players and strengthen user confidence.
Particular attention is planned to be paid to the protection of customer funds. In particular, the regulator requires mandatory separate storage of user funds and the exchange's own assets. To this end, clients' money will be transferred to the balance of independent custodians, which should reduce the risk of abuse by platform operators.
A separate issue will be the fate of so-called anonymous crypto assets, such as Monero. The regulator considers such assets to be more risky than traditional tokens and is going to hold consultations with industry participants on the possibility of their circulation in the country.
These changes are intended to increase market flexibility and speed up the listing of new digital assets, which, according to the authorities, will contribute to the development of local blockchain projects and startups. At the same time, the main focus is on investor safety and transparency of procedures.
It is worth recalling that SC recently accused Huobi Global and the company's CEO Leon Li of not being registered to operate in the country. In this regard, a demand was put forward to immediately restrict access of Malaysian users to its services.
The new initiatives demonstrate Malaysia's desire to find a balance between supporting innovation and risk control in the rapidly changing world of digital finance. The regulator emphasizes that further development of the sector is impossible without a reliable legal framework and trust from users and investors.
